State of the market: the market remains restrained

Negative sentiment is maintained in the market with the opening of trading on Thursday, which, in addition to the uncertainty in the trade agreement, has been strengthened by weak data on Japan’s GDP and production in China. The demand for safe currencies has increased amid weak data on China. In particular, the US dollar as a safe haven currency.

The US dollar index maintains lateral dynamics, while maintaining uncertainty about the trade deal and the general growth of pessimism, limiting itself to resistance levels: 98.50-60 and support: 98.20-10. In fact, it directly depends on the promotion of the trade agreement between the United States and China.

Read also: “A new round of trading
war: duties, restrictions, prospects “

Hanzenko Anton

---

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. The U.S.-China trade agreement news
2. The trade war risks are coming back
3. Upward dynamics of gold, resumption of growth or correction before the decline

Current Investment ideas:

1. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!